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The Rise of Free Trade in Western Europe, 1820–1875

Published online by Cambridge University Press:  11 May 2010

C. P. Kindleberger
C. P. Kindleberger
Affiliation:
Massachusetts Institute of Technology
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Extract

The textbook theory of tariffs, and their converse, the movement to freer trade, has more elements than we need for the nineteenth century, but also lacks some. In the usual comparative statics, a tariff may be said to have ten effects: on price, trade, production (the protective effect), consumption, revenue, terms of trade, internal income distribution, monopoly, employment and the balance of payments.

Type
Papers Presented at the Thirty-fourth Annual Meeting of the Economic History Association
Information
The Journal of Economic History , Volume 35 , Issue 1 , March 1975 , pp. 20 - 55
Copyright
Copyright © The Economic History Association 1975

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References

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